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The 2016 Tech 50: Chris Corrado

The London Stock Exchange Group’s COO comes in at No. 40, down from No. 30 last year.

< The 2016 Tech 5040Chris CorradoChief Operating OfficerLondon Stock Exchange GroupLast Year: 30

In March, four months after Chris Corrado’s arrival at London Stock Exchange Group, the company sealed its $20 billion merger-of-equals agreement with Deutsche Börse (see Andreas Preuss, No. 28). But Corrado says the pending deal has not affected the information technology projects and momentum he inherited when Antoine Shagoury (No. 25) moved to State Street Corp. Shagoury’s five years at LSEG saw multiple installations of subsidiary MillenniumIT’s high-performance trading and postttrade systems, and postmerger integrations of FTSE Group and LCH.Clearnet Group. “This company wants to be one of the top three in market infrastructure in the world,” says Corrado, 56, who is both chief operating officer and chief information officer. “It’s been quite a ride so far.” In February, Corrado launched a three-year IT plan covering the three main business lines: capital markets, data, and settlements and clearing. Technology management is being decentralized among business-unit CIOs, who have access to a newly created shared services unit — a structure not unlike others Corrado has seen evolve over a 35-year career that included stops at Morgan Stanley, Deutsche Bank, Merrill Lynch & Co., UBS and, most recently, MSCI, which he joined in 2013 as the indexing giant’s first CIO. Corrado has a team of about ten in Australia, the U.K. and the U.S. researching such emerging technologies as machine learning and big-data analytics. Several working groups are investigating blockchain for posttrade processes and private markets, and there is a partnership with IBM Corp. to develop an open-source implementation. “It’s kind of like how the Internet took off,” Corrado says of blockchain adoption. “You always have the bleeding edge, the leading edge, the mainstream and then the laggards.” For LSEG lagging is not an option.

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 The 2016 Tech 50 Click below to view profiles
1. Catherine
Bessant
Bank of America Corp.2. Jeffrey SprecherIntercontinental Exchange3. Lance UgglaMarkit4. Phupinder GillCME Group5. Shawn Edwards and Vlad KliatchkoBloomberg6. R. Martin ChavezGoldman Sachs Group
7. Robert GoldsteinBlackRock8. Adena FriedmanNasdaq9. Deborah HopkinsCiti Ventures10. Daniel ColemanKCG Holdings11. Stephen NeffFidelity Investments12. David CraigThomson Reuters
13. Michael SpencerICAP14. Michael BodsonDepository Trust & Clearing Corp. 15. Charles LiHong Kong Exchanges and Clearing16. Chris ConcannonBATS Global Markets17. Blythe MastersDigital Asset Holdings18. David RutterR3CEV
19. Neil KatzD.E. Shaw & Co.20. Lee OleskyTradeweb Markets21. Richard McVeyMarketAxess Holdings22. Seth MerrinLiquidnet Holdings23. Robert AlexanderCapital One Financial Corp.24. Brad KatsuyamaIEX Group
25. Antoine ShagouryState Street Corp.26. David GledhillDBS Bank27. Lou EcclestonTMX Group28. Andreas PreussDeutsche BÖrse29. Dan SchulmanPayPal Holdings30. Scott DillonWells Fargo & Co.
31. Mike ChinnS&P Global Market Intelligence32. Craig DonohueOptions Clearing Corp.33. Gary NorcrossFidelity National Information Services34. Steven O'HanlonNumerix35. Sebastián CeriaAxioma36. Michael CooperBT Radianz
37. Tyler KimMaplesFS38. Neal PawarAQR Capital Management39. David HardingWinton Capital Management40. Chris CorradoLondon Stock Exchange Group41. Brian ConlonFirst Derivatives42. Jim MinnickeVestment
43. Stephane DuboisXignite44. Mazy DarOpenFin45. Yasuki OkaiNRI Holdings America46. Kim FournaisSaxo Bank47. Jock PercyPerseus48. Robert SchifelliteBroadridge Financial Solutions
49. Brian SentanceXenomorph Software50. Pieter van der DoesAdyen